Eutelsat Q1 sales jump 6.2 pct; targets 5.5 pct CAGR to 2010 |
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Tue, 23 Oct 2007 08:08
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PARIS (Thomson Financial) - Satellite operator Eutelsat Communications said sales jumped 6.2 pct to 211.9 mln eur in its first quarter to September from 199.5 mln a year earlier thanks to 'the continuing good performance of our markets'.It set new targets of a 5.5 pct combined annual growth rate in sales in the 2007-2010 period, 'with accelerated growth at the end of this period', and for an EBITDA margin above 77 pct in those years.For the year to June 2008, Eutelsat reiterated targets of sales of 840-850 mln eur and an EBITDA margin of more than 77.5 pct.'Our video and broadband services continue to benefit from the overall strong dynamics of broadcasting and internet markets,' Giuliano Berretta, chairman and CEO, said in a statement.'In both these activities, Eutelsat Communications enjoys a position of solid leadership in more mature markets in Western Europe, and a longstanding presence in regions experiencing rapid growth, including Russia, Central Europe, the Middle East and Africa,' he said.Berretta reiterated plans to distribute 50-75 pct of net profit to shareholders.The company said it also intends to spend an average of 420 mln eur per year up to 2010 on strengthening its infrastructure.Andrew.Newby@Thomson.coman/ajbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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